Tag Archives: top NSE India losers

Nifty Future made a fresh September series high today at 5453. IIP data came at 0.1 which is as per market expectation. Another important Global event German Court gave in favor of using ESM and Germany Can Ratify ESM Fund with Conditions so nothing is stopping Bulls. Always remember hot money chase the momentum and in liquidity driven rally fundamental will take the back seat. So do not waste your time in finding top and bottom, Stay with trend and mint money.

As Nifty Future was up by 42 points and OI has increased by 13123, FII have imitated fresh long in Nifty and Bank Nifty Future. Momentum is on higher side and weakness is still not present in Nifty Future.

Nifty Spot closed at 5431 after making a high of 5436. Sensex has made a fresh 7 month high ie. 18012 so now its Nifty turn to break 5450.We have big gap from 5217-5309 formed on Friday and it’s been 5 days Bulls are able to defend the higher levels, Nifty continue to march higher after Monday consolidation. Also be noted Nifty has given highest close of 5331 on closing basis after it made the low of 4770

Resistance for Nifty has come up to 5450 and 5462 which needs to be watched closely ,Support now exists at 5424 and 5395 .Trend is Buy on Dips till 5339 is not broken on closing basis.

Nifty September OI is at 1.84 cores with a fresh addition of 5.5 Lakh in OI, long addition is seen in Nifty future.

Total F&O turnover was 1.16 lakh Cores with total contract traded at 2.18 lakh.PCR at 1.03 and VIX 15.03.Cash volumes show a jumped of 10% showing rise is backed by deliveries in Stocks.

5600 CE is having highest OI of 83 lakhs with an addition of 6 lakhs in OI.5500 CE is having second highest OI at OI at 78 lakhs, Immediate resistance is at 5500 CE. 5000-5600 CE saw an unwinding of 2.6 lakhs in OI. So Bulls are all over the place.

5300 PE added another 9 lakhs so 5300 and 5400 PE added huge 14 lakh, Bulls want to make the 5400 as base for the rest of September series.5000-5600 PE added huge 29 lakhs in Open Interest so bulls are cementing ground for 5400 tomorrow. Now Bulls need to defend the 5400 base for rest of week.

* Disclaimer: These recommendations are based on the theory of technical analysis and outlook of the market performance. Readers those who buy and sell securities based on the above information in this column are solely responsible for their actions. The author won't be liable or responsible for any sort of financial and legal loses suffered by the traders.